premiums - All posts tagged premiums

More rate information is flowing in on potential Obamacare rate increases for 2015, and it looks like the average hike will be in the mid-single digit range, according to at least one study.

PricewaterhouseCoopers’ Health Research Institute issued a report Thursday, looking at rate increases for the District of Columbia and the 33 states where initial hike proposals under the Affordable Care Act have been reported. The average rate increase as of right now is 7% and the average monthly premium is around $379 without subsidies, the institute says in its report.

Two papers released Thursday contended that health-insurance premiums for a non-smoking 40-year-old under Obamacare will cost an average of $336 per month for a plan that covers 70% of medical costs, and that some states may be missing out on cheaper plans due to large insurers opting not to take part in the programs.

Avalere Health examined plan premiums in 11 states and the District of Columbia, and found that was the average price for so-called “silver” plans under the exchanges. Cheaper “bronze” plans will cost $274 on average for 40-year-olds, and cover roughly 60% of all medical costs, the health-care consultant found.

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